Economy

Hungary's GDP grew by 0.9 percent quarter-on-quarter in the third quarter, adjusted for seasonal and calendar year effects, the Central Statistical Office (KSH) confirmed in a second reading of data released on Friday.

In the third quarter of 2023 service exports calculated in EUR increased by 14%, their imports grew by 9.8% compared to the same period of the previous year, the Central Statistical Office said. The surplus was EUR 3.3 billion, EUR 616 million more than ...

Hungary's pension system is "reliable", with the government covering pension payouts, Finance Minister Mihaly Varga told parliament's welfare committee on Tuesday.

Investment volume in Hungary shrank by an annual 12.1 percent in the third quarter, the Central Statistical Office (KSH) said on Tuesday.

Hungary's jobless rate stood at 4.1 percent in October, up from 3.9 percent in September and 3.7 percent twelve months earlier, the Central Statistical Office (KSH) said on Friday.

Hungary has become a gateway between East and West, as shown by the growing volume of eastern investments, the finance minister said in his speech at the Budapest Eurasia Forum on Thursday.

Gross wages in Hungary grew by an annual 14.1 percent in September, to 557,900 forints (EUR 1,466), the Central Statistical Office (KSH) said on Thursday.

Hungary's cash-flow budget deficit widened to 3,487.6 billion forints (EUR 9.1bn) at the end of October, the finance ministry confirmed in a detailed release of data on Thursday.

Hungarian central bank (NBH) rate-setters cut the base rate by 75 basis points to 11.50 percent at a regular policy meeting on Tuesday.

Hungary is profiting greatly from successful cooperation with Kazakhstan in areas including energy security and foreign trade, the minister of foreign affairs and trade said on Tuesday.